DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value of Company Outstanding Forward Contracts

The fair value of the Company’s outstanding forward contracts was as follows:

	September 30, 2016				December 31, 2015
(in thousands)	Recorded In:		Fair Value		Recorded In:		Fair Value
Asset Derivatives
Foreign currency forward contracts		Other current assets	$	354		Other current assets	$	48
Liability Derivatives
Foreign currency forward contracts		Accrued expenses	$	393		Accrued expenses	$	1,052

Forward Contracts Outstanding with Total Notional Values

The Company had forward contracts outstanding with total notional values as follows:

	As of September 30,
Currency (in thousands)	2016		2015
Euro	€	21,810	€	15,900
British pound	£	5,919	£	1,300
Australian dollar	A$	19,515	A$	11,500
Indian rupee	Rs	—	Rs	300,000
United States dollar	$	59,450	$	23,300

Change in Fair Value of Forward Contracts

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2016			2015			2016			2015
Loss from the change in the fair value of forward contracts included in other expense, net	$	(1,237	)	$	(319	)	$	(4,955	)	$	(319	)
Foreign currency transaction gain (loss) from the remeasurement of foreign currency assets and liabilities	$	1,082		$	(412	)	$	2,764		$	(4,342	)